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Old 10-14-2017, 02:51 PM   #7561 (permalink)
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Wasn't it more about the banks giving mortgages to people who couldn't possibly ever afford to repay them, then repackaging those debts with others and selling them on to other banks? Or something.
Housing bubble in one sentence, bitches.
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Old 10-14-2017, 02:58 PM   #7562 (permalink)
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Yes, but a lot of conservatives I've heard have put it in terms of race. That's what I'm saying.
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There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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Old 10-14-2017, 02:59 PM   #7563 (permalink)
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I'm not saying it was about the negroes. I'm saying that's what a lot of conservatives think it's about.
You're right. Fannie May and Freddie Mac were established by congress. In a roundabout way there's some truth in that position. Predatory lenders love black people.
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Old 10-14-2017, 03:10 PM   #7564 (permalink)
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I'm not saying it was about the negroes. I'm saying that's what a lot of conservatives think it's about.
No, the conservatives think God did it.
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Housing bubble in one sentence, bitches.
Really? I got it right? Well I guess I did watch Too Big To Fail and a few other films.
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Old 10-14-2017, 03:22 PM   #7565 (permalink)
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don't worry the bankers all got bonuses for crashing the economy because capitalism rewards the smartest among us
It's mindbending to try to understand all the economic ends and outs but it was like the same guys who caused the crash bet on the crash and then used retirement funds to pay themselves the winnings. Sort of like if two guys bet on the date of someone's death then murdered him that day then robbed the dead guy's mom to pay the bet and then split what was left over.
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Old 10-14-2017, 03:34 PM   #7566 (permalink)
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How the **** is even anybody supposed to understand all this ****? Clearly no one who had any hand in the crash did.
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Originally Posted by J.R.R. Tolkien
There is only one bright spot and that is the growing habit of disgruntled men of dynamiting factories and power-stations; I hope that, encouraged now as ‘patriotism’, may remain a habit! But it won’t do any good, if it is not universal.
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Old 10-14-2017, 03:45 PM   #7567 (permalink)
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How the **** is even anybody supposed to understand all this ****? Clearly no one who had any hand in the crash did.
I think the people who caused it modeled it after the bubble in Japan but tweaked it to milk it for even more.
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Old 10-14-2017, 05:35 PM   #7568 (permalink)
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How the **** is even anybody supposed to understand all this ****? Clearly no one who had any hand in the crash did.
You need to watch that movie. ****ing eye-opening. And stomach-turning.
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Old 10-14-2017, 05:37 PM   #7569 (permalink)
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Hertha Berlin players 'take a knee' before match against Schalke - BBC Sport
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Old 10-14-2017, 05:39 PM   #7570 (permalink)
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Didn't help them win did it?
Cue Trump with a comment about Hitler soon...
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